Synopsis
Analysts say the valuation gap between Infosys and TCS could soon get erased. This would be an important step for Infosys, which has been intent on reclaiming its bellwether status since 2012. Infosys is growing fast, and its management shake-ups may be a thing of the past. Can it close the gap with TCS in the next few quarters?
Last month, three of the top four Indian IT companies — Tata Consultancy Services (TCS), Infosys, and Wipro — reported their results on the same day. Comparisons abounded, and unfortunately for TCS and Wipro, Infosys’s performance blew theirs out of the water. The rivalry between the three companies has always been fierce. While Wipro became slightly irrelevant to the battle after nearly a decade of underperformance, the main competition has
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